Vietnam economy grows 5.66% in Q1/2024, highest in 5 years
Vietnam has recorded GDP growth of 5.66% in the first quarter of 2024, the highest figure for the same period since 2020, the General Statistics Office reported on Friday.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnamese economy making dynamic shift with robust growth: Hong Kong news site
Vietnam is going through a dynamic shift, marked by robust growth and the development of several key trends supporting a stronger looking future, according to an article recently published by the Hong Kong-based news site asianinsiders.com.
Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam begins 2024 with 0.6% credit growth fall
Credit growth of Vietnam’s banking system dropped 0.6% in January over end-2023, according to the State Bank of Vietnam (SBV), the nation’s central bank.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam well positioned for more FDI: UOB research exec
Vietnam is in a good position to attract more foreign direct investment (FDI), given its competitiveness and an ongoing supply chain shift to the Southeast Asian region, an expert said.
A year in review and 2024 forecasts - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam industry sector recovery continues with 3% Nov growth
Vietnam’s industrial sector continued its recovery as the index of industrial production (IIP) rose 3% in November from October, while the January-November index inched up 1% year-on-year.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam packaging industry to lure foreign investment with high, stable growth
Vietnam's packaging industry has posted a high and stable annual growth rate in the past years, hitting 13.4% per year in the 2015-2020 period, according to Nguyen Ngoc Sang, chairman of the Vietnam Packaging Association.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam real estate businesses focus on survival, not growth: CEO
Infrastructure and real estate developers in Vietnam are now focusing more on survival rather than growth, and the Ho Chi Minh City Infrastructure Investment JSC (CII) is no exception, said the company’s CEO Le Quoc Binh.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Market status upgrade to help Vietnam attract $2-10 bln in foreign capital: MayBank Securities
Foreign capital flows into Vietnam’s stock markets can reach $2-10 billion once the nation gets upgraded to emerging market status, MayBank Securities CEO Kim Thien Quang tells The Investor.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam’s best scenario GDP growth not more than 6% this year: minister
Despite ongoing efforts to accelerate public investment disbursement and other measures, Vietnam’s economic growth is unlikely to exceed 6% this year, according to the Ministry of Planning and Investment.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam sees three-digit growth in pepper exports to key markets
Vietnam, the world’s largest pepper exporter, enjoyed a three-digit growth rate month-on-month in August pepper shipments to some markets like India, the United Arab Emirates (UAE), Egypt and Pakistan.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Rapid economic improvement unlikely in short term: minister
The Vietnamese economy is gradually regaining growth momentumm, but rapid improvement is unlikely in the short term, Minister of Planning and Investment Nguyen Chi Dung said at a Saturday cabinet meeting.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Sack officials for public investment disbursement failures: PM
Prime Minister Pham Minh Chinh has called for strict measures to speed up public investment implementation, including the sacking of officials who fail to discharge their responsibilities.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam’s policy rate cuts are boosting stock prices
VinaCapital’s chief economist Michael Kokalari highlights that the Vietnamese stock market is bouncing back due to more money coming in, with a sharp pick-up in earnings growth expected in 2024.
Consulting - Mon, Dec 22, 2021 | 11:30 am GMT+7
German pharma giant to ship billions of tablets from Vietnam to Europe
German pharmaceutical giant Stada Group will ramp up drugs production at both its Vietnam factories and significantly boost exports to Europe, says CEO Peter Goldschmidt.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam SME resilience critically low: ministry
The reliance of Vietnamese small-and-medium-sized enterprises (SMEs) has tanked in the face of prolonged economic headwinds at home and overseas, Vietnam’s Ministry of Planning and Investment (MPI) said Saturday.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Germany’s DEG to provide $55 mln loan to back Vietnam lender OCB’s SME portfolio
DEG, the German government’s investment arm, has committed a $55 million loan for Vietnam’s Orient Commercial Joint Stock Bank, or OCB.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
ADB lowers Vietnam growth forecast to 5.8%
The Asian Development Bank (ADB) on Wednesday revised its Vietnam growth forecast down to 5.8% for 2023 and 6.5% for 2024, from 6.5% and 6.8% in April, respectively.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Keppel inks $70 mln deals to supply ‘energy-as-a-service’ in Vietnam
Keppel Corp. has secured $70 million worth of contracts to provide long-term and recurring “energy-as-a-service” (EaaS) in Vietnam, which the Singapore multi-sector group sees as a market with potential for growth.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam economy forecast to grow 7% in H2, after 3.7% in H1
The Vietnamese economy is expected to expand by 7% year-on-year in the last six months of this year, much stronger than the first half’s 3.72%, Standard Chartered Bank forecast.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam lender SHB seeks strategic foreign investor
Saigon-Hanoi Bank (SHB) is seeking an optimal strategic partner towards delivering greater value to customers and shareholders, a source with knowledge of the matter told The Investor Friday.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam economic rebound forecast for second half
Vietnam’s economy in the second half of this year is set to pick up again after slow growth in the first half, but its full-year growth would be slower than earlier predicted, HSBC and DBS Bank said.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
UOB cuts Vietnam 2023 growth forecast down to 5.2%
Singapore’s United Overseas Bank (UOB) has revised down its 2023 growth projection for Vietnam to 5.2% in view of the challenges ahead and the first half’s 3.72% expansion year-on-year.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
IMF pegs Vietnam 2023 growth at 4.7% with H2 recovery
The International Monetary Fund (IMF) estimates Vietnam’s 2023 growth at 4.7%, aided by a second-half recovery led by a rebound in exports and expansionary domestic policies.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam growth pace accelerates in Q2
Vietnam’s economy expanded by 4.14% in the second quarter from a year ago, despite slowing global demand for imports, the General Statistics Office (GSO) said on Thursday.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Hong Kong invested EV Cargo enters Vietnam
EV Cargo, an international freight forwarding and supply chain service company, has begun its Vietnam operations with an office in Ho Chi Minh City.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam, Philippines, India to deliver fastest growth in Asia: S&P
S&P Global Ratings on Monday kept Vietnam’s 2023 economic growth forecast at 6%, making it the fastest-expanding economy in Asia-Pacific, citing the Southeast Asian country’s domestic resilience.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam economy likely to rebound in H2: Standard Chartered
Vietnam’s slowing economy is expected to recover in the second half of this year, Standard Chartered Bank said in its latest report.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam seeks to enhance credit growth as H1 tally falls short at 3.36%
Vietnam needs to lift credit growth in the second half of this year after the first half’s growth fell below expectations, State Bank of Vietnam Deputy Governor Dao Minh Tu said on Wednesday.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam central bank expected to further cut rates in Q3: HSBC
The State Bank of Vietnam (SBV) is expected to deliver one more 50-basis point rate cut in the current easing cycle, sometime in this year’s third quarter, to further support the country’s growth, HSBC Vietnam said.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam's booming logistics sector still has room for growth
VinaCapital’s chief economist Michael Kokalari explains why investors should pay close attention to various opportunities in Vietnam’s logistics industry.
Consulting - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam central bank makes fourth rate cut to support economy
The State Bank of Vietnam (SBV) announced on Friday that it is cutting its refinance and discount rates by 50 basis points from Monday to spur the country’s growth amid prolonged global economic headwinds.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam on the path to growth
Vietnam is well-positioned for growth as it is an example of a country experiencing success in navigating multilateral trade, wrote Nathan Hunt, head of content, social media & digital marketing, S&P Global.
Consulting - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam shipbuilding sector comes of age
Vietnam's shipbuilding industry is developing rapidly with facilities built for companies from Europe and South Korea, among others.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Torrential rains help ease power shortages in northern Vietnam
Hydropower reservoirs in northern Vietnam have been topped up by recent heavy rain, with more forecast over the region this week, helping to relieve power shortages.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam property developers face steeper path to growth: S&P Global
Property developers in Vietnam and Indonesia are going to face various hurdles in the next 12 months, including funding and regulatory issues, according to a new S&P Global Ratings report.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
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